Thomson revamping, will sell Grass Valley

France's Thomson, which has been a force in the international IPTV sector (though arguably not in the U.S., not that the U.S. is a make-or-break market to anyone right now), is undergoing a strategic revamp and restructuring of its balance sheet, according to Thomson CEO Frederic Rose. More details are expected to become known when the company, a vendor to France Telecom among others, reports its 2008 financial results on March 10.

However, what is known already is that Thomson, which is among just a few vendors addressing both IPTV network technology and overall aspects of video production, plans to sell its California-based Grass Valley broadcast equipment unit and other assets.

For more:
- EasyBourse has Dow Jones wire reports on Thomson's revamp
- The Union of Grass Valley reports on the potential sale

Related articles
Thomson has partnered with Falcon in the U.S. market
Thomson joined with Orange and Sagem for Soft At Home

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